The 2016 non-waiver trade deadline is exactly one week away, and for the first time since they traded away Rickey Henderson and Mike Pagliarulo in 1989, the Yankees have to seriously consider selling this year. They’re 4.5 games out of a wildcard spot with three teams ahead of them, and, more importantly, at no point this season have the Yankees looked capable of making the kind of extended run it’ll take to get back into the race.

Over the weekend learned the Yankees are inching closer to trading Aroldis Chapman to the Cubs for top prospect Gleyber Torres and a second piece. That could happen as soon as today. Our Scouting the Market: Cubs post will tell you everything you need to know about Torres and various other Cubs prospects. Several other teams were in the mix for Chapman as well, and I suppose someone could sneak in at the last minute and make a big offer. We’ll see. We’re going to keep track of the day’s trade rumors right here, so make sure you check back often. All time stamps are ET.

• 10:15am: The Yankees are expected to receive Torres, ex-Yankee Adam Warren, and likely two others (!) for Chapman if the trade is completed. Jorge Soler and Jeimer Candelario are not in the deal. It’s still a 4-for-1 trade and, uh, wow. [Joel Sherman, Ken Rosenthal]
• 10:15am: The Yankees “internally debated” Torres or Eloy Jimenez as the center piece of the trade. They’re opting for the potential up-the-middle impact player over the corner outfield bat. For what it’s worth, Torres is the higher-ranked prospect too. [Sherman]
• 10:15am: The Yankees have discussed shortstop prospect Yu-Cheng Chang in trade talks with the Indians. Chang is Cleveland’s No. 12, per MLB.com. The 20-year-old is hitting .275/.345/.494 (128 wRC+) with eleven homers and nine steals in 87 High-A games this year. [Buster Olney]
• 10:15am: Once the Yankees wrap up the Chapman trade, they’re expected to continue sifting through trade offers for Andrew Miller. It’s not a guarantee they’ll move him. They’re going to do their due diligence and see what teams put on the table. [Olney]
• 10:15am: The Giants are getting “radio silence” from the Yankees with regards to their relievers. We heard a few days ago that the Yankees don’t consider San Francisco a good trade match because they’re short on high-end prospects. [Hank Schulman]
• 11:05am: One of the other two pieces in the Chapman trade is outfield prospect Billy McKinney. He was a first rounder in 2013 and I remember the Yankees being connected to him prior to the draft. McKinney went to the Cubs in the Jeff Samardzija/Addison Russell trade. [Sahadev Sharma]
• 11:29am: The Yankees have been pushing Ivan Nova in trade talks. That’s not a surprise. They shopped him over the winter, and Nova will be a free agent after the season, so it’s better to get something for him now than nothing after the season. [Olney]
• 4:10pm: The Chapman trade is official. It’s Chapman for Torres, Warren, Billy McKinney, and Rashad Crawford. That’s a hell of a deal.

Reminder before you comment: Your trade proposal sucks.